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Element to Split Into Two Companies

Element Financial Corp. is spinning off its North American commercial finance business into a separate public company to allow its fleet management business to focus on its core business and generate higher returns as a stand-alone company.

News

Element Names Webb President of Fleet Management Unit

Element Financial Corp. has tapped the leader of the recently acquired GE Capital fleet unit as president and chief executive for its U.S. fleet management company and will shift the existing president to its Toronto-based operation.

News

Investor Consortium to Acquire LeasePlan Corp.

The Dutch parent of LeasePlan USA, which is one of the largest global fleet management companies, will be sold to a consortium of investors including pension funds in The Netherlands, Denmark, and Singapore.

Product

FleetWeb Mobile, DonlenDriver Mobile Apps

Fleet managers and drivers using FleetWeb Mobile and Donlen Driver Mobile apps will now have access to a new intelligent fuel station find feature that uses an advanced algorithm to locate the most economical fueling stations.

Article

Why GE Decided to Sell Its Fleet Services Business

Kristi Webb, president and CEO of GE Capital Fleet Services

Although GE Capital Fleet Services has had strong annual revenue growth and a significant product development agenda, its upcoming sale is part of a larger strategic plan by its parent company to focus on its core industrial businesses.

Fleet FAQ

Executive Vice President of eDriving

Ed Dubens

Executive Vice President of eDriving

https://www.edriving.com/fleet/products-and-services/
Chief Operating Officer

Jack Firriolo

Chief Operating Officer

http://www.merchantsfleetmanagement.com/
Vice President of Product Management, Verizon Connect

Erin Cave from Verizon Connect

Vice President of Product Management, Verizon Connect

http://www.fleetmatics.com/
Senior Vice President and General Manager

Bernie Kanavagh from WEX

Senior Vice President and General Manager

https://www.wexinc.com

News

GE to Sell Fleet Management Unit by 2018

General Electric will sell off its fleet management and automotive financing business units by 2018 under a strategic plan to focus on its core businesses and shed most of its finance and banking businesses, the company has announced.

News

Penske to Offer Truck Rentals in Australia

Brisbane, Australia-based Penske Commercial Vehicles has announced a new venture with U.S.-based Penske Truck Leasing, Co., L.P. to offer commercial truck rental services in Australia.